Proofpoint to Acquire Varonis in a $6.3 Billion Transaction
Summary
Proofpoint agreed to acquire Varonis in an all-cash transaction valued at about $6.3 billion. The combined company will unite data security, identity, collaboration, and AI security capabilities into a broader cybersecurity platform. Management expects the deal to close in the first half of 2027 after shareholder and regulatory approvals. After closing, Varonis will become a private company and its stock will stop trading on Nasdaq.
AskAI Classifications
Sectors
No sectors detected
Functions
Security
General Security Software
Linked Companies
Proofpoint
$1M to $5M
Varonis
$250M to $500M